Apple's Wozniak sees Internet of Things bubble

[Commentary] Apple co-founder Steve Wozniak recently warned that the Internet of Things, or IoT, market could be reaching a "bubble phase" comparable to the dot-com bust in the late 1990s. Wozniak said, "I feel it's kind of like a bubble, because there is a pace at which human beings can change the way they do things." He pointed out there were "tons of companies starting up," but that some might have overestimated the appeal of connecting everyday objects to the Internet.

Wozniak isn't the only one who thinks the IoT market might be getting ahead of itself. At Gigaom's Structure Connect event last October, IBM (IBM) Vice President of IoT Paul Brody said the market was in "a classic bubble phase," and that most of the data being accumulated on these devices was "useless". Should investors heed Wozniak and Brody's advice before believing bullish forecasts about the IoT industry?